98 King St Nutley, NJ 07110
Nutley AreaEstimated payment $5,320/month
About This Home
Rare fully occupied investment opportunity in Nutley offering immediate income and long-term upside. 98 King Street is a well-maintained 3-family property featuring three separate 1-bedroom, 1-bath residences, each with dedicated 1-car parking and outdoor space — a major value-add in todayâ€TMs rental market. With stable occupancy already in place, this is a true plug-and-play asset for investors seeking reliable cash flow from day one. The property offers strong rental appeal with practical layouts, parking for every unit, complimentary shared washer/dryer access in the basement, and complimentary garage storage, all in a desirable residential location close to local shops, dining, parks, major roadways, and NYC transportation options. A smart addition to any portfolio, this fully leased multifamily currently generates $4,945/month in rental income, with leases secured through May/June 2027, a current cap rate of approximately 5.6%, and modest rental upside of approximately $75–$100/month per unit in its current well-kept condition, with the potential for even stronger rents over time through optional cosmetic updates. With separate gas and electric meters, manageable known expenses, and parking-driven tenant demand, 98 King Street delivers the rare combination of stability, income, convenience, and long-term rental appeal. Property is being sold as-is. Contact us today to schedule a private viewing! ***OPEN HOUSE THIS SUNDAY, 8/2, 1PM-2:15PM***
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,885
Parking
- 2 Car Garage
Home Design
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Additional Features
- Laundry in Basement
- 2,252 Sq Ft Lot
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 16 / 9404
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $12,885 | $477,400 | $197,500 | $279,900 |
| 2025 | $12,885 | $477,400 | $197,500 | $279,900 |
| 2024 | $12,298 | $477,400 | $197,500 | $279,900 |
| 2022 | $13,652 | $353,300 | $109,000 | $244,300 |
| 2021 | $13,581 | $353,300 | $109,000 | $244,300 |
| 2020 | $13,009 | $353,300 | $109,000 | $244,300 |
| 2019 | $12,747 | $353,300 | $109,000 | $244,300 |
| 2018 | $12,404 | $353,300 | $109,000 | $244,300 |
| 2017 | $12,270 | $353,300 | $109,000 | $244,300 |
| 2016 | $11,906 | $353,300 | $109,000 | $244,300 |
| 2015 | $11,715 | $353,300 | $109,000 | $244,300 |
| 2014 | $11,567 | $353,300 | $109,000 | $244,300 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/23/2026 06/23/26 | For Sale | $799,999 | +36.8% | -- | |
| 09/12/2022 09/12/22 | Sold | $585,000 | 0.0% | -- | View Prior Sale |
| 09/12/2022 09/12/22 | Sold | $585,000 | -10.0% | -- | View Prior Sale |
| 08/11/2022 08/11/22 | Pending | -- | -- | -- | |
| 08/04/2022 08/04/22 | Pending | -- | -- | -- | |
| 07/26/2022 07/26/22 | For Sale | $650,000 | 0.0% | -- | |
| 07/20/2022 07/20/22 | For Sale | $650,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $585,000 | Sovereign Title | |
| Deed | $475,000 | -- | |
| Deed | $316,000 | -- | |
| Deed | $70,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $380,000 | No Value Available |
Source: New Jersey MLS
MLS Number: 26023597
APN: 16-09404-0000-00016
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2026 New Jersey Multiple Listing Service Inc. All rights reserved.
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